Affiliation:
1. California State University, Fullerton
Abstract
ABSTRACTWe provide an overview of cloud computing: evolution, benefits, and challenges. Then we examine the risk characteristics identified in accounting and auditing literature by comparing a hand-collected sample of cloud computing companies with a matched sample of non-cloud computing companies. The study uses a comprehensive set of factors used in accounting and auditing literature to describe client business risk, audit risk, and auditor-related risk. Unsurprisingly, the findings show that large companies in the historically high-risk information technology industries provide cloud computing. More interestingly, the results show that cloud computing is more leveraged, and more likely to have a material weakness and longer audit tenure. Cloud computing companies are also more likely to restate their financial statement after providing cloud technologies. Some of the risk variables we used in the study are not statistically significant in capturing the risks of cloud providers (e.g., security, privacy, availability, confidentiality). The study contributes to the literature in IT outsourcing in general, and in cloud computing more specifically. The study also responds to the recent call for insightful research in cloud computing.
Publisher
American Accounting Association
Subject
Management of Technology and Innovation,Information Systems and Management,Human-Computer Interaction,Accounting,Information Systems,Software,Management Information Systems
Reference73 articles.
1. ACL.2010 . ACL Products for Technology Assurance . Vancouver, BC : ACL .
2. A framework for certification and audit of application service providers—ASP;Ahn;Journal of Systems Integration,2001
3. Continuous monitoring of business process controls: A pilot implementation of a continuous auditing system at Siemens;Alles;International Journal of Accounting Information Systems,2006
4. Financial ratios, discriminant analysis, and the prediction of corporation bankruptcy;Altman;Journal of Finance,1968
5. American Institute of Certified Public Accountants (AICPA) . 1992 . Service Organizations. SAS 70 . New York, NY : AICPA .
Cited by
44 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献